How not to handle the slow fiber market

Archived Forum Admin created the topic: How not to handle the slow fiber market

News story from AFP

France arrests British boss for flash sackings

EVRY, France, Feb 24 (AFP) - The president of a bankrupt British fibre-optic cable company Paul Welch was being held for questioning by French police Tuesday after he dismissed 15 workers and removed equipment from a factory south of Paris, police said.

On Friday staff at the OCT plant in Dourdan, 40 kilometres (25 miles) southwest of the capital, arrived to find the building emptied of machinery and a note telling them that their employment was terminated.

At the headquarters of Optical Cable Technology Ltd in Maidstone, southeast England, a spokesman said the company had ceased trading on Friday because it was unable to meet its debts and all workers worldwide had been made redundant. Offices in France, Britain and Singapore have closed.

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The fiber industry has definitely had its share of problems in the past few years. Feel free to share your own bad or good stories regarding the slowdown.